Friday April 14, 8:03 am Eastern Time
Company Press Release
SOURCE: Venture Catalyst Incorporated
NAM, Parent Company of clickNsettle.com, Retains Venture Catalyst Inc. To Provide Investor Relations and Online Strategy Consulting
GREAT NECK, N.Y., April 14 /PRNewswire/ -- NAM Corporation (Nasdaq: NAMC - news) today announced that it has retained Venture Catalyst (Nasdaq: VCAT - news) to provide the company with investor relations services, and to further clickNsettle.com's online corporate development activities.
``I am pleased that Venture Catalyst will be providing us with investor relations and consulting services,' stated Roy Israel, President and CEO of NAM Corporation. ``Venture Catalyst's assistance will be very valuable to us as we continue to grow our company's off-line and online offerings in the field of Alternative Dispute Resolution (ADR).'
David Bronte, Venture Catalyst's Director of Market Intelligence, stated, ``We are always looking to provide our services to cutting-edge companies such as NAM Corporation, that have developed innovative and sought-after ways to bring traditionally 'brick-and-mortar' industries online. NAM is a well-established ADR provider that has brought its considerable experience and presence in the ADR community to the Internet. By using the online services that clickNsettle.com provides, parties involved in disputes, ranging from large insurance companies to individuals, can save vast amounts of time and expense.'
Bronte continued, ``NAM's superior reputation in the ADR space, the ease-of-use of its online services, and the cost savings that can be realized by corporations and individuals, all provide a compelling story to tell to the investment community. We look forward to helping the company communicate its vision and continue to advance their business strategies.'
About Venture Catalyst Incorporated
Headquartered in San Diego, Calif., and with offices in Santa Monica and Orange County, Venture Catalyst Incorporated (www.vcat.com) is a leading Venture Services Provider that serves the strategic and growth needs of private and public technology companies. With a team of seasoned professionals, Venture Catalyst provides full-service consulting expertise in the areas of investor relations, public relations and marketing, strategic planning, state-of-the-art incubation facilities, as well as comprehensive Web development services through Cyberworks, Inc. (www.cyberworks.com), the Company's wholly-owned subsidiary.
About NAM Corporation
Headquartered in Great-Neck, New York, NAM Corporation is a full-service, international dispute resolution services provider. In addition to its in-person arbitration and mediation services, the company operates www.clickNsettle.com, a dispute resolution Web site which features a unique, unlimited-bid, real-time negotiating format that allows two parties to settle any dispute which can be resolved with a monetary payment. Through the use of blind bid technology, the system eliminates the ``posturing' associated with traditional litigation and allows disputing parties to negotiate without the fear of ``benchmarking' their position. The Web site features extensive user management and reporting options including settlement data by injury type and venue.
The Company believes its global roster of qualified hearing officers, video conferencing capabilities, knowledge of dispute resolution, reputation within the corporate and legal communities and Internet based dispute resolution programs uniquely position it to provide a comprehensive web-enabled solution to disputing parties worldwide.
For more information, contact David Bronte, Venture Catalyst, at 310-399-4059 ext. 103.
The statements contained in the release contain forward-looking statements relating to such matters as anticipated financial performance, business prospects, and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company's actual results to differ materially from the anticipated results or other expenditures expressed in the Company's forward looking statements. These factors include changes in the insurance and legal industries; the Company's inability to retain current or new hearing officers; changes in the public court system; and the degree and timing of the market's acceptance of its clickNsettle.com web site and in-person and video-conferenced arbitration and mediation programs.
SOURCE: Venture Catalyst Incorporated
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Venture Catalyst Inc (NasdaqNM:VCAT - news)
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